<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE THIRD QUARTER 10-QSB AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH 10-QSB. </LEGEND> <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> SEP-30-1998 <CASH> 12,991,892 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 18,579,923 <CURRENT-LIABILITIES> 0 <BONDS> 49,854,815 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (31,406,586) <TOTAL-LIABILITY-AND-EQUITY> 18,579,923 <SALES> 0 <TOTAL-REVENUES> 5,229,064 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 505,232 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,891,859 <INCOME-PRETAX> 1,831,973 <INCOME-TAX> 0 <INCOME-CONTINUING> 1,831,973 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,831,973 <EPS-PRIMARY> 35.54 <EPS-DILUTED> 35.54